Sustainable Opportunities Acquisition Corp.
Completed 2021-09-09- CIK 1798562
- SOAC
- Now TMC
- IPO 2020-05-06
- $300M trust
- 512 filings
Successfully merged with DeepGreen Metals Inc. • Now trading as TMC
- IPO Size
- $300M
- raised at the IPO
- Trust
- $300M
- as of 2020-06-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2020
- year it listed
Filings, by quarter
512 filings over 27 quarters; violet bars carry a milestone
- 20 Q1: 2 filings
- 20 Q2: 21 filings
- 20 Q3: 1 filing
- 20 Q4: 1 filing
- 21 Q1: 12 filings
- 21 Q2: 25 filings
- 21 Q3: 64 filings
- 21 Q4: 31 filings
- 22 Q1: 27 filings
- 22 Q2: 17 filings
- 22 Q3: 26 filings
- 22 Q4: 25 filings
- 23 Q1: 18 filings
- 23 Q2: 22 filings
- 23 Q3: 17 filings
- 23 Q4: 17 filings
- 24 Q1: 13 filings
- 24 Q2: 28 filings
- 24 Q3: 4 filings
- 24 Q4: 14 filings
- 25 Q1: 16 filings
- 25 Q2: 34 filings
- 25 Q3: 21 filings
- 25 Q4: 5 filings
- 26 Q1: 18 filings
- 26 Q2: 21 filings
- 26 Q3: 12 filings
- S-1 filed 20 Q1
- IPO 20 Q2
- Definitive agreement 21 Q1
- Completed 21 Q3
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
A blank-check company pursuing a business combination with a company benefiting from environmentally sustainable practices, with potential focus on brown-to-green transitions.
Investment Focus
Agriculture, Automotive, Business Services, Construction, Energy, Logistics, Manufacturing, Materials, Renewable Energy, Technology, Transportation
Key Information
As the filings state it
- IPO Date
- 2020-05-06
- Total Redemptions
- $273M
- PIPE
- $110M
- Jurisdiction of Incorporation
- British Columbia, Canada
- SIC
- 6770
- Completion Date
- 2021-09-09
- Merger Target
- DeepGreen Metals Inc.
- SPAC Ticker
- SOAC
- Merged Ticker
- TMC
Stock Performance
TMCTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2021-09-10 | $11.05 | |
| 6 Months Post-Merger | 2022-03-14 | $3.19 | -66% |
| 1 Year Post-Merger | 2022-09-12 | $1.07 | -89% |
| 2 Years Post-Merger | 2023-09-11 | $1.19 | -87% |
| Current Price | 2026-10-02 | $3.79 | -66% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The management team combines business transformation, private equity, technology and finance, clean-energy incubation, and growth-investing experience.